Tata Steel, Thyssenkrupp and EU
Thyssenkrupp Loses Court Bid to Topple EU’s Tata Deal Veto
Thyssenkrupp AG lost a European Union court fight to overturn an antitrust veto of its plans for a European steel joint venture with Tata Steel Ltd.
Thyssenkrupp loses fight against EU veto of Tata Steel JV
BRUSSELS (Reuters) -German conglomerate Thyssenkrupp on Friday lost its fight against a European Union antitrust veto five years ago of its proposed joint venture with Tata Steel, which was aimed at creating Europe's second-largest steelmaker.
Tata Steel, Thyssenkrupp years-old JV plan hits another wall
Thyssenkrupp has lost its appeal against the European Union's antitrust veto of its joint venture with Tata Steel. The EU's decision was upheld by the Court of Justice of the European Union. Thyssenkrupp expressed concerns about the Commission's decision and remains focused on a new joint venture with Czech billionaire Daniel Kretinsky.
Thyssenkrupp sticks to steel spin-off plans following court judgement
German industrial group Thyssenkrupp reaffirmed its intention to establish its steel division as an independent entity on Friday, following a court ruling. It issued the statement after the European Court of Justice (ECJ) published a ruling upholding a 2019 European Commission ban on a merger between Thyssenkrupp's steel division and the European steel business of the Indian company Tata Steel.
Thyssenkrupp loses court bid to topple European Union's Tata Steel deal veto
The EU’s Court of Justice on Friday rejected all the arguments made by Thyssenkrupp, upholding the EU’s 2019 merger prohibition.
ThyssenKrupp loses legal fight against EU antitrust veto of Tata Steel JV
Europe's highest, sided with the European Commission and dismissed Thyssenkrupp's appeal entirely, the judges said.
thyssenkrupp AG: It Could Get Even Worse
AG has burned through the better part of the proceeds from the sale of TK Elevator in a mere four years. Read more to see why ...
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Investors in thyssenkrupp (ETR:TKA) from five years ago are still down 71%, even after 6.9% gain this past week
Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Anyone who held thyssenkrupp AG (ETR:TKA) for five years would be nursing their metaphorical wounds since the share ...
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Meta to European Union: Your tech rules threaten to squelch AI boom
BRUSSELS—A group of companies including Meta Platforms, Spotify and Italian luxury-fashion giant Prada warned Thursday that the European Union risks missing out on the full benefits of ...
Facebook parent Meta, Spotify, Ericsson and other tech giants to EU: “Europe now risks falling further behind in…”
Meta, Spotify, and Ericsson have alerted the European Union that its current technology regulations may impede the region's ability to fully benefit f ...
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Thyssenkrupp steel head prepares staff for 'tough' cuts
FRANKFURT (Reuters) - Thyssenkrupp's 27,000 steel workers must brace for deep cuts, the new head of the conglomerate's steel division told a German newspaper, setting the stage for significant ...